Jewellery retailers post double-digit Q2 growth despite festival shift
In short
P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller all reported double-digit year-on-year growth in their quarterly business updates. The sector was also projected to post 22-28% growth in Q2 despite a shift in the festive calendar.
This matters because jewellery sales are tied to festivals and buying seasons. The reports do not give each company’s exact numbers or explain how much the calendar shift changed demand.
What the reporting says
P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller reported double-digit year-on-year growth in quarterly business updates, according to a BusinessLine summary. The report says the sector projected 22-28% Q2 growth despite a festive calendar shift. The exact company-by-company growth rates and the reason for the shift are not stated in the available reporting.
Why it matters
P N Gadgil Jewellers, Titan, Kalyan Jewellers and PC Jeweller reported double-digit year-on-year growth in their quarterly business updates, according to a publisher summary. The same reporting says jewellery retailers projected 22-28% Q2 growth despite a festive calendar shift. The available material does not give the exact company-level figures or explain the effect of the calendar shift.